StockNews.com Begins Coverage on Siebert Financial (NASDAQ:SIEB)

StockNews.com initiated coverage on shares of Siebert Financial (NASDAQ:SIEB) in a research report report published on Wednesday. The firm issued a hold rating on the financial services provider’s stock.

Siebert Financial Stock Performance

NASDAQ:SIEB opened at $2.95 on Wednesday. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.08. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $2.57 and a 200-day moving average of $2.11. The firm has a market cap of $118.36 million, a price-to-earnings ratio of 11.35 and a beta of 0.33.

Institutional Trading of Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC raised its position in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,788 shares of the financial services provider’s stock after buying an additional 85,456 shares during the quarter. Geode Capital Management LLC owned 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. 1.52% of the stock is owned by institutional investors.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.